Clearwater International has advised the shareholders of Cheto Corporation on the sale of a majority stake in the company.
Cheto Corporation is a manufacturer of industrial high-precision equipment, focused on deep-hole drilling technology for the tooling and moulding industry.
The brand has attained world-wide recognition for the technology known as Deep Hole Drilling. Led by a young and dynamic management team, the company has ambitious plans for international expansion.
Menlo Capital is an independent Portuguese private equity management company advising the Growth Capital Fund SC1. The Fund provides capital and access to an international business network to Portuguese SMEs which have a proven business model and require capital to implement an ambitious business growth plan.
Aligned to the management team’s international expansion plan, Menlo Capital invested €5.2m in the company.
Clearwater International advised the shareholders of Cheto. The team was led by partner José Lemos with support from associate director Afonso Lima.
Clearwater International played a crucial role in finding the right partner. The team’s expertise, commitment to the project and work ethic was impressive and critical to achieving success in this transaction. José Lemos and his team, with a special contribution from Afonso Lima, provided high quality advice and creative solutions throughout the whole process. Their understanding of the key factors of the deal and our business contributed to achieving a great result for us. ”